Bitcoin

2024 - 2 - 26

Bitcoin Frenzy: Prices Soar, ETFs Surge, and Elon Musk's Surprise Support

BTC Bitcoin - Cryptocurrency - Elon Musk - ETFs - MicroStrategy - NFTs - BTC

Bitcoin hits new highs with ETF excitement and Elon Musk's backing. Dive into the latest crypto craze!

Bitcoin has once again captured the spotlight, surging past the $54,000 mark amidst renewed investor interest. The flagship cryptocurrency experienced a 5% increase after a week of subdued trading, reaching its highest value since November 2021. This rally was fueled by unprecedented tailwinds, pushing Bitcoin prices to a 27-month high. Additionally, the introduction of Bitcoin ETFs has added excitement to the market, with cumulative flows reaching $4.8 billion in net purchases. The surge in ETF trading volumes indicates growing investor confidence in cryptocurrencies.

Elon Musk, known for his polarizing views, surprisingly sided with Bitcoin, calling it the "true currency." This endorsement from the Tesla billionaire, along with support from other prominent figures like Warren Buffett, further bolstered Bitcoin's position in the market. As Bitcoin surpassed the $55,000 milestone for the first time in late 2021, it demonstrated sustained investor demand, particularly through exchange-traded funds. The cryptocurrency's resilience and appeal are attracting a new wave of interest, with record volumes being traded in ETFs.

Despite the surge in Bitcoin prices, the market dynamics are complex. High volumes in ETF trading do not always translate to heavy buying, as indicated by the turnover ratio. While Bitcoin continues to break barriers, there are opportunities for cryptocurrency hedge funds to capitalize on the fluctuating funding rates. The current market environment presents a mix of excitement, uncertainty, and potential for strategic investments.

In summary, Bitcoin's recent rally, ETF surges, and high-profile endorsements are shaping the cryptocurrency landscape. The market's response to these developments highlights the growing influence of digital assets in traditional financial realms. As Bitcoin continues to make headlines with record-breaking highs, investors and enthusiasts alike are closely following its trajectory.

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Image courtesy of "CNBC"

Bitcoin resumes its rally, ripping through $54000 for the first time ... (CNBC)

The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. The flagship cryptocurrency was last higher by 5% ...

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Image courtesy of "Forbes"

Bitcoin Prices Reach Fresh 27-Month High As They Benefit From ... (Forbes)

Bitcoin prices rallied today, climbing to their loftiest value since November 2021 as "unprecedented" tailwinds push the cryptocurrency higher.

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Image courtesy of "Axios"

The winners and losers in the bitcoin ETF world, one month in (Axios)

Cumulative bitcoin ETF flows since launch · So far, however, the new ETFs in aggregate are responsible for only about $4.8 billion in net bitcoin purchases — a ...

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Image courtesy of "The Block - Crypto News"

Bitcoin trades just shy of $55000 for the first time since November ... (The Block - Crypto News)

The world's largest cryptocurrency changed at around $54,900 — a gain of nearly 6% in one day — just after 3:00 p.m. Eastern Time Monday before dropping to ...

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Image courtesy of "Coindesk"

Bitcoin Tops $57K as Rally Picks Up Steam (Coindesk)

The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.

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Image courtesy of "Coindesk"

Bitcoin ETF High Volume Doesn't Always Mean Heavy Buying: NYDIG (Coindesk)

The "turnover ratio" offers an indication of the proportion of a fund's assets traded each day.

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Image courtesy of "Forbes"

The 'True Currency'—Elon Musk Surprisingly Sides With Bitcoin ... (Forbes)

Tesla billionaire Elon Musk and Berkshire Hathaway's chief executive Warren Buffett often disagree but they've found common ground over the "true currency.

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Image courtesy of "Yahoo Finance"

Bitcoin Tops $55000 Price Level for First Time Since Late 2021 (Yahoo Finance)

(Bloomberg) -- Bitcoin retook the $55000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as ...

Bitcoin rallies to highest level since November 2021 as investors ... (Morningstar.com)

By Frances Yue. Bitcoin on Monday rallied to its highest level since November 2021, as exchange-traded funds investing directly in the cryptocurrency ...

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Image courtesy of "Blockworks"

Bitcoin ETF interest abound as BlackRock fund has record day (Blockworks)

BlackRock's spot bitcoin ETF saw record daily trading volumes Monday — another signal interest in such funds has not yet died down.

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Image courtesy of "Reuters"

Bitcoin breaks $57000 as big buyers circle (Reuters)

Cryptocurrency bitcoin hit a two-year high above $57000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped ...

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Image courtesy of "Bloomberg"

Bitcoin (BTC USD) Price Tops $55000 for First Time Since 2021 (Bloomberg)

Bitcoin retook the $57000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases ...

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Image courtesy of "Coindesk"

Bitcoin Funding Rates Jump to 100%, Sparking Opportunity for ... (Coindesk)

One observer said that elevated funding rates offer crypto hedge funds exceptionally attractive arbitrage opportunities.

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Image courtesy of "CNBC"

Bitcoin surpasses $56000 benchmark, uplifts crypto market in latest ... (CNBC)

Crypto investing and software firm MicroStrategy disclosed a purchase of about 3000 bitcoins for $155 million on Monday.

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Image courtesy of "The Wall Street Journal"

Bitcoin ETFs Are Off to a Roaring Start. Are Other Crypto Funds Next? (The Wall Street Journal)

BlackRock, Fidelity and other Wall Street firms have applied to launch ether ETFs.

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Image courtesy of "Yahoo Finance Australia"

Bitcoin tops $57000 as big buyers circle (Yahoo Finance Australia)

The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs) in the ...

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Image courtesy of "Blockworks"

Bitcoin approaches $55k as IBIT tops $1B in trades (Blockworks)

Bitcoin surged as much as 6.8% Monday to hit $54446 as investors continue to fund bitcoin and ether investment vehicles.

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Image courtesy of "Forbes"

Bitcoin Surges To $57000 High As Crypto Rally Builds Momentum (Forbes)

Bitcoin topped $57,000 for the first time in more than two years on Tuesday, propelled by purchases from large investors and booming demand through ...

5 ways bitcoin ETFs are already changing how crypto is traded (Morningstar.com)

However, while bitcoin can be traded 24 hours a day, seven days a week, ETFs investing in the crypto follow the trading hours of U.S. stock market, which run ...

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Image courtesy of "DL News"

Bitcoin soars past $56000 as 'unprecedented' adoption seen tripling ... (DL News)

Bitcoin is on an 18-month path to $150000, led by unprecedented institutional adoption,” Bernstein analysts said today.

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Image courtesy of "Investor's Business Daily"

Bitcoin Crosses $57000 For First Time Since 2021 As Bitcoin ETFs ... (Investor's Business Daily)

Crypto market rallies as bitcoin early Tuesday surged to its highest level since November 2021. Bitcoin ETFs jump, Coinbase breaks out.

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Image courtesy of "InvestmentNews"

Bitcoin at $57K for the first time in more than 2 years (InvestmentNews)

Bitcoin retook the $57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases ...

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Image courtesy of "Coindesk"

Bitcoin Shorts Lose $150M as BTC Poised for 'Tremendous Upside' (Coindesk)

A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.

Bitcoin tops $57000 while investors eye record high (Morningstar.com)

By Frances Yue. Bitcoin rose above $57,000 on Monday to its highest level since November 2021, as exchange-traded funds investing directly in the ...

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Image courtesy of "ETF Trends"

Bitcoin Rally Could Be Start of Something More Substantial (ETF Trends)

That was on display on Monday when the Amplify ETF surged more than 7% as bitcoin rallied. True, one day does not make a trend, but consider the following: ...

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Image courtesy of "crypto.news"

Binance Labs invests in PoS Bitcoin staking protocol Babylon Chain (crypto.news)

Binance Labs, the venture capital and incubation wing of Binance, has announced a strategic investment in Babylon, an innovative Bitcoin staking protocol.

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Image courtesy of "DL News"

Bitcoin passes $57000 as BlackRock ETF hits 'insane' volume record (DL News)

Bitcoin soared more than 10%, while BlackRock's Bitcoin spot ETF broke records when it surpassed $1 billion in daily trading volume.

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Image courtesy of "Forbes"

'The Bitcoin Bulls Are Back' As Cryptocurrency Rallies 12% To Fresh ... (Forbes)

Bitcoin prices are on a tear once again, surging to the highest since November 2021 as the digital currency benefits from multiple bullish factors.

Bitcoin is less than 20% away from its record high. Here's what's ... (Morningstar.com)

At halvings, the reward for bitcoin mining is cut in half, meaning miners will receive 50% fewer bitcoins for verifying transactions. Halvings are scheduled to ...

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Image courtesy of "Forbes"

Redefining Tax Policy For Bitcoin Mining: A Closer Look At Block ... (Forbes)

Bitcoin block rewards accrue to miners and consist of two components: a block subsidy and transaction fees. Each of these has different definitions and ...

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Image courtesy of "DL News"

Bitcoin NFTs now dominate trading volume on Magic Eden (DL News)

Ordinals is a protocol that allows users create non-fungible tokens and crypto tokens on the Bitcoin blockchain. February's Bitcoin mark is a record for monthly ...

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Image courtesy of "MarketWatch"

Why Bitcoin is closing in on its record high (MarketWatch)

Bitcoin on Monday rallied to around $57000, just 17% away from its record high reached in November 2021.

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Image courtesy of "CNBC"

Bitcoin firm MicroStrategy pops 27% in two days as company's ... (CNBC)

MicroStrategy announced Monday that it added another $155 million worth of bitcoin to its balance sheet.

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